Population growth will drive the trend, according to a report from the St. Louis Fed. The average Hispanic family likely still won’t see many gains.

The total net worth of His­pan­ic house­holds might reach $4.4 tril­lion by 2025, ac­cord­ing to a new re­port from the Fed­er­al Re­serve Bank of St. Louis. But the re­port pre­dicts that much of that growth will be driv­en by the grow­ing num­ber of His­pan­ic house­holds — not by the grow­ing wealth of the av­er­age fam­ily.

His­pan­ic men and wo­men made up about 16 per­cent of the U.S. pop­u­la­tion in 2010, and held $1.4 tril­lion dol­lars of over­all wealth. That’s just 2.2 per­cent of the na­tion’s in­come, prop­erty, and fin­an­cial as­sets, ac­cord­ing to the re­port. By 2050, the His­pan­ic pop­u­la­tion will al­most double, but the share of wealth His­pan­ics hold will likely re­main dis­pro­por­tion­ately small.

The re­ces­sion widened the wealth gap between white and His­pan­ic fam­il­ies. His­pan­ic fam­il­ies lost al­most one-third of their net worth between 2007 and 2010. While white fam­il­ies were also hard hit, the av­er­age white fam­ily lost a smal­ler share of its total wealth than the av­er­age minor­ity fam­ily, partly be­cause white fam­il­ies ten­ded to hold more types of as­sets and to have less money tied up in home equity.

The re­port’s au­thors, Wil­li­am Em­mons and Bry­an No­eth, made two pro­jec­tions for house­hold wealth in the fu­ture. In the more op­tim­ist­ic scen­ario, they cal­cu­lated that house­holds would quickly re­bound from the re­ces­sion and re­vert to the long-term growth trends ob­served from 1989 to 2010. In the less op­tim­ist­ic scen­ario, they as­sumed no such re­bound. The au­thors cau­tioned that their pro­jec­tions were, well, pro­jec­tions, and thus un­cer­tain.

“In the more pess­im­ist­ic scen­ario, the His­pan­ic share of total wealth would in­crease only be­cause the His­pan­ic pop­u­la­tion is ex­pec­ted to grow faster,” they wrote. Un­der the more op­tim­ist­ic scen­ario, His­pan­ic wealth would grow to $4.4 tril­lion; un­der the less op­tim­ist­ic pro­jec­tion, it would grow to $2.5 tril­lion.

Yet even un­der the re­port’s more op­tim­ist­ic pro­jec­tion, His­pan­ic house­holds would hold just 3.2 per­cent of the na­tion’s wealth. Wealth ac­cu­mu­la­tion for all house­holds would also widen ra­cial wealth dis­par­it­ies, if past trends con­tin­ue. Un­der the fast growth scen­ario, His­pan­ic fam­il­ies would pos­sess 26.5 per­cent of the av­er­age Amer­ic­an fam­ily’s wealth in 2025, up from 22 per­cent in 2010. In oth­er words, even if everything goes well and the av­er­age His­pan­ic fam­ily gains wealth, by na­tion­al stand­ards they still wouldn’t be well off.

The Fed has raised rates another quarter point, to a target rate of 1.25 percent to 1.5 percent. Two members dissented in favor of keeping rates stable. As of this moment, they expect to make three more quarter-point hikes in 2018, and two in 2019. This meeting of the Federal Open Market Committee was Janet Yellen's last as chair.

At a hearing before the House Judiciary Committee today, Deputy Attorney General Rod Rosenstein said "there's nothing inappropriate about FBI officials on special counsel Robert Mueller's team holding political opinions so long as it doesn't affect their work." Chairman Bob Goodlatte (R-Va.) said recently disclosed texts among former members of Mueller's team, "which were turned over to the panel Tuesday night by the Justice Department, revealed 'extreme bias.'"